Metaverse refers to a virtual world, think Fortnite, Minecraft, the movie Ready Player One or even GTA. Recently, Epic Games, the creator of Fortnite raised $1 billion to fund its vision of a Metaverse, valuing the company at $28.7 billion .
Another notable player in the space is Roblox, the social platform that has its own currency called Robux. It has 18 million worlds created by the users itself who can spend their Robux to play mini games within other worlds or buy avatars. Roblox IPO’d last month at a $40 billion valuation. More here.
Then there is the OG metaverse platform – Decentraland.